32,032 Shares in Albany International Corp. (NYSE:AIN) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Albany International Corp. (NYSE:AIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,032 shares of the textile maker's stock, valued at approximately $2,562,000. Susquehanna Fundamental Investments LLC owned 0.10% of Albany International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Albany International by 306.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the textile maker's stock worth $53,000 after purchasing an additional 503 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Albany International by 735.6% in the 4th quarter. Sterling Capital Management LLC now owns 752 shares of the textile maker's stock valued at $60,000 after acquiring an additional 662 shares during the last quarter. Vestcor Inc purchased a new position in shares of Albany International during the fourth quarter worth $70,000. Covestor Ltd lifted its holdings in shares of Albany International by 110.4% in the 4th quarter. Covestor Ltd now owns 888 shares of the textile maker's stock valued at $71,000 after buying an additional 466 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Albany International during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Albany International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Truist Financial reduced their target price on Albany International from $88.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Bank of America dropped their price target on Albany International from $80.00 to $75.00 and set an "underperform" rating for the company in a research report on Tuesday, March 25th. Robert W. Baird lowered their target price on shares of Albany International from $104.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of Albany International from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Albany International has an average rating of "Moderate Buy" and a consensus target price of $80.40.

Albany International Trading Down 0.1 %

Shares of AIN traded down $0.06 during trading on Monday, reaching $63.38. 50,021 shares of the company traded hands, compared to its average volume of 232,957. The stock has a 50-day simple moving average of $68.67 and a 200-day simple moving average of $75.96. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Albany International Corp. has a twelve month low of $57.71 and a twelve month high of $95.47. The stock has a market cap of $1.96 billion, a PE ratio of 19.82 and a beta of 1.29.

Albany International (NYSE:AIN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.15. Albany International had a return on equity of 12.20% and a net margin of 7.92%. The company had revenue of $288.77 million for the quarter, compared to analyst estimates of $300.74 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm's quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts anticipate that Albany International Corp. will post 3.23 earnings per share for the current year.

Albany International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 21st. Albany International's dividend payout ratio (DPR) is currently 38.71%.

About Albany International

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.